BELLEVUE, WA -- (Marketwire) -- 11/06/12 -- The Technology Business Management Council (TBM Council), a non-profit group of Fortune 500 leaders dedicated to helping CIOs run IT as a business, will convene for its 12th CIO Summit on Thurs., Nov. 8 at 8:00 a.m. PST. The three-hour virtual event features speakers from American Express, Bank of America, Con-way, GroupM and the State of Washington, who will discuss how to drive transparency with business partners, reduce costs without sacrificing service levels, and increase change-the-business spending through TBM practices. The CIO Summit is the only CIO-led forum focused on how to run IT as a business, and will be broadcast live from twelve Cisco TelePresence locations on two continents.

For the first time, attendees will learn how their organizations compare against the TBM Index, the leading benchmark for technology business models, business disciplines, decision-making capabilities and culture for optimizing business technology investments. The CIO Summit presenters will also share their TBM roadmaps for improving maturity and business value, including case studies on a variety of themes relating to IT transparency, infrastructure optimization, and budgeting and planning.

Presentations include:

Building the Bridge Between IT and the Lines of Business to Enable the Next Level of InnovationJoe Peterson, CFO of Global IT | American Express

Leading Governance Through Transparency to Align IT Investments with Agency PrioritiesBharat Shyam, CIO | State of Washington

"This has been a monumental year for the TBM Council, with membership surpassing 550 CIOs, CFOs and other business and technology leaders. Our Council brings together some of the world's largest and most innovative organizations who share their own successes, challenges and best practices for managing the business of IT," said Chris Pick, president of the Technology Business Management Council. "The TBM Council's CIO Summit is an invaluable resource for any technology, finance or business executive looking to leverage IT initiatives to foster business innovation."

About the Technology Business Management CouncilGoverned by innovative CXOs from a diverse group of Fortune 500 companies, the Technology Business Management (TBM) Council is a nonprofit business entity focused on the development of a definitive framework for running technology organizations like a business. Our mission is to serve equally our members and our profession by synthesizing TBM best practices into a professional and recognized discipline for technology leaders. By participating in the TBM Council, members learn from their peers how to maximize the business impact of every dollar invested in technology and to become more strategic to the business. The TBM Council is open to any qualified business technology executive. To learn more about the TBM Council, visit: www.tbmcouncil.org.

TBM Council is a trademark of the Technology Business Management Council, Ltd. The TBM Index is a trademark of Apptio, Inc. and used herein by permission. All rights reserved.

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